2011-national-manufacturing-strategy[1]

2011-national-manufacturing-strategy[1] - The Case for a...

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The Case for a National Manufacturing Strategy BY STEPHEN J. EZELL AND ROBERT D. ATKINSON APRIL 2011
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PAGE 1 THE INFORMATION TECHNOLOGY & INNOVATION FOUNDATION | APRIL 2011 TABLE OF CONTENTS Executive Summary . ...................................................................................... 2 Introduction . ................................................................................................. 4 Why is Manufacturing Important? . ................................................................... 8 U.S. Manufacturing in Transition and Relative Decline . ................................... 17 Why the United States Needs a National Manufacturing Strategy . ................... 24 What Would a National Manufacturing Strategy Do? . ....................................... 29 Conclusion . ................................................................................................. 32 Appendix . .................................................................................................... 34 Endnotes . .................................................................................................... 35 Acknowledgments . ....................................................................................... 40
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PAGE 2 THE INFORMATION TECHNOLOGY & INNOVATION FOUNDATION | APRIL 2011 EXECUTIVE SUMMARY This paper builds the intellectual case for why the United States needs a serious national manufacturing strategy. The paper focuses on three key questions where to date consensus has been lacking: 1. Does the United States need a healthy manufacturing sector? 2. How healthy is U.S. manufacturing at the moment and for the foreseeable future? 3. Does the United States need a national manufacturing strategy? Until there is a consensus that manufacturing is important, that it is not healthy, and that a national manufacturing policy is needed, it will be difficult to create a platform for reframing the conversation. Meanwhile, other nations are putting in place manufacturing strategies that include key components such as tax incentives and large investments in research, skills development, infrastructure, and technology transfer and technical assistance. Every day we do nothing we risk falling further behind. The paper is divided into four major sections: 1) Why is Manufacturing Important? Manufacturing plays a critical role in the U.S. economy for five key reasons: 1. It will be extremely difficult for the United States to balance its trade account without a healthy manufacturing sector. 2. Manufacturing is a key driver of overall job growth and an important source of middle-class jobs for individuals at many skill levels. 3. Manufacturing is vital to U.S. national security. 4.
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This note was uploaded on 11/05/2011 for the course ACCOUNTING 101 taught by Professor Online during the Spring '11 term at Colorado Technical University.

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2011-national-manufacturing-strategy[1] - The Case for a...

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